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USDJPY Daily Forecast: December 06

USDJPY Daily Forecast: December 06
Thursday, December 6th, 2018 @ 4:49 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 113.24 but traded lower earlier today in Asian session hit 112.64 at the time I am writing this comment. The bias is bearish in nearest term testing 112.50 – 112.00 key support area which is a good place to buy with a tight stop loss below 111.50 as a clear break below that area would invalidate the major bullish trend. Immediate resistance is seen around 113.15. A clear break above that area could lead price to neutral zone in nearest term testing 113.50/65 region but key resistance remains at 114.20 – 114.70 area.

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